In tightly contested labor markets, companies face the key challenge of attracting and retaining top talent which can give them a competitive edge.
It is no wonder then that many organizations are recognizing the numerous benefits offered by incentive travel planners and the programs they help create. What exactly are these benefits?
A respite from digital connectedness
Today's members of the workforce, especially those that belong to the millennial generation, are known for their connectedness to their mobile devices and social media accounts. Travel incentive schemes can provide your employees a welcome break from this connectedness and can give them ample opportunities to enrich their lives and take a respite from their online selves.
Strengthening team dynamics
Selecting an outdoor adventure theme for your travel incentive program can provide members of your organization an opportunity to interact with one another outside of the office setting. In turn, this can help improve professional relationships and promote office culture.
On the converse side of the coin, team building activities held outdoors provide opportunities for connecting with nature while fostering team dynamics.
Boost employee loyalty
Travel incentive programs offer one good way to reward key performers in the organization. By making your top performers feel valued, you can cultivate loyalty among them which makes them less likely to be poached by competitors. Furthermore, a loyal employee is more likely to be productive.
Indeed, when you are planning an incentive travel scheme for your business organization, it is crucial to look at the possible return on investment that you will attain once the program has concluded. However, beyond ROI, organizations should also factor in the intangibles which, in some cases, offer better returns.
For example, a travel incentive program can allow your top performers to relax their guard a bit and tell you of their career goals. For top executives, this unique insight can help them in developing policies related to cultivating talent within the organization.
An incentive travel program can be quite complicated, with several moving parts that need to be handled correctly, from choosing the destination to negotiating with the vendors and promoting it within the organization. All of these tasks can take a toll on your employees when you assign these to them on top of what they currently handle.
Getting the help of incentive travel planners will help ensure that the different facets of the program are given equal attention and potential mistakes are minimized or totally avoided.